Generative design is an emerging design methodology that uses artificial intelligence and computational design techniques to generate new design concepts and optimize performances. It allows designers to explore thousands of design iterations within minutes by automating engineering calculations and simulations. Generative design enables finding better designs faster by intelligently navigating the design space through automation. The technology has potential to transform product design and development by enhancing design exploration and iteration capabilities multifold.

Market Dynamics:

The global generative design market growth is driven by the need for faster product development cycles. Generative design significantly reduces the time taken to iterate designs and arrive at optimal solutions by handling complex simulations and calculations internally. This helps designers comprehend greater number of design options in a given timeframe. Additionally, rising adoption of advanced technologies like 3D printing and AI across industries is fueling demand for generative design software. However, high upfront costs of implementing generative design solutions and lack of skilled professionals remain key challenges. Nevertheless, growing R&D investments in design and engineering departments open new opportunities.

Key features of the study:

- This report provides in-depth analysis of the global generative design market, and provides market size (US$ Bn) and compound annual growth rate (CAGR%) for the forecast period (2024–2031), considering 2023 as the base year

- It elucidates potential revenue opportunities across different segments and explains attractive investment proposition matrices for this market

- This study also provides key insights about market drivers, restraints, opportunities, new product launches or approval, market trends, regional outlook, and competitive strategies adopted by key players

- It profiles key players in the global generative design market based on the following parameters – company highlights, products portfolio, key highlights, financial performance, and strategies

- Key companies covered as a part of this study include Adobe Inc., Altair Engineering Inc., ANSYS Inc., Autodesk Inc., Bentley Systems Inc., Dassault Systèmes, Desktop Metal Inc., ESI Group, Google LLC, IBM Corporation, Microsoft Corporation, MSC Software, NVIDIA Corporation, Paramatters, and Siemens AG

- Insights from this report would allow marketers and the management authorities of the companies to make informed decisions regarding their future product launches, type up-gradation, market expansion, and marketing tactics

- The global generative design market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts

- Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the global generative design market.

Detailed Segmentation:

• By Deployment
• • Cloud-based
  • On-premises
• By Vertical
• • Automotive
  • Aerospace and Defense
  • Architecture and Construction
  • Industrial Manufacturing
  • Others
• By Region
• • North America
  • Europe
  • Asia Pacific
  • Latin America
  • Middle East & Africa
• Key Players Insights
• • Adobe Inc.
  • Altair Engineering Inc.
  • ANSYS Inc.
  • Autodesk Inc.
  • Bentley Systems Inc.
  • Dassault Systèmes
  • Desktop Metal Inc.
  • ESI Group
  • Google LLC
  • IBM Corporation
  • Microsoft Corporation
  • MSC Software
  • NVIDIA Corporation
  • Paramatters
  • Siemens AG